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Surplus for Swedish central government in August

7 September 2017 - Press release

Swedish central government payments resulted in a surplus of SEK 39.1 billion in August. The Debt Office’s forecast was a surplus of SEK 16.6 billion. The difference is explained by the fact that on-lending to the Riksbank was brought forward to July.

Tax income was approximately SEK 2 billion lower than calculated. At the same time, government spending was marginally higher than forecast.

The Debt Office's net lending to government agencies was SEK 24.0 billion lower than calculated. This was because loans to the Riksbank which matured in August were refinanced in July. The lower net lending is thus only a redistribution between July and August.

Interest payments on central government debt were SEK 1.2 billion lower than calculated.

For the twelve-month period up to the end of August 2017, central government payments resulted in a surplus of SEK 52.1 billion.

Central government debt amounted to SEK 1,242 billion at the end of August.

The outcome for September will be published on 6 October at 9.30 a.m.

Contact

Tord Arvidsson, Senior Analyst +46 (0)8 613 47 53

Press Contact, +46 (0)8 613 47 01

Central government net borrowing requirement1 (SEK million)

Outcome Aug.

Forecast Aug.

Deviation Aug.

Acc. Dev2

Outcome 12-month

Net borrowing requirement

-39 071

-16 573

-22 498

-18 886

-52 143

Primary borrowing requirement excl. net lending3

-15 110

-17 807

2 697

-15 279

-66 339

Net lending to agencies etc.

-24 503

-491

-24 012

-2 184

8 341

Interest payments on central government debt

543

1 725

-1 182

-1 423

5 855

- Interest on loans in SEK

1 431

1 913

-482

-776

8 314

- Interest on loans in foreign currency

-57

-23

-34

-26

-209

- Realised currency gains and losses

-832

-165

-667

-621

-2 250

1 The net borrowing requirement corresponds to the budget balance with opposite sign.

2 Sum of monthly forecast deviations since last forecast (June 2017).

3 Net of the state's primary income and expenditure excluding net lending to agencies.